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Please write in Excel! Write the ways and formulas you used to get to these answers so I can learn and understand! I am looking

Please write in Excel! Write the ways and formulas you used to get to these answers so I can learn and understand!

I am looking for someone to work through and fix my excel sheets for this problem:

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6. . The budgeted unit sales are 12,000 units, 37,000 units, 15,000 units, and 25,000 units for quarters 1-4, respectively. Notice that the company experiences peak sales in the second and fourth quarters. The budgeted selling price for the year is $32 per unit. The budgeted unit sales for the first quarter of2023 is 13,000 units. .All sales are on credit. Uncollectible accounts are negligible and can be ignored. Seventy-five percent of all credit sales are collected in the quarter of the sale and 25% are collected in the subsequent quarter. . Each quarter's ending finished goods inventory should equal 15% of the next quarter's unit sales. . Each unit of finished goods requires 3.5 yards of raw material that costs $3.00 per yard. Each quarter's ending raw materials inventory should equal 10% of the next quarter's production needs. The estimated ending raw materials inventory on December 31, 2022 is 5,000 yards. . Seventy percent of each quarter's purchases are paid for in the quarter of purchase. The remaining 30% of each quarter's purchases are paid in the following quarter. Direct laborers are paid $18 an hour and each unit offinished goods requires 0.25 direct labor-hours to complete. All direct labor costs are paid in the quarter incurred. 7. The budgeted variable manufacturing overhead per direct labor-hour is $3.00. The quarterly fixed manufacturing 10. 11. overhead is $150,000 including $20,000 of depreciation on equipment. The number of direct labor-hours is used as the allocation base for the budgeted plantwide overhead rate. All overhead costs (excluding depreciation) are paid in the quarter incurred. . The budgeted variable selling and administrative expense is $1.25 per unit sold. The fixed selling and administrative expenses per quarter include advertising ($25,000), executive salaries ($64,000), insurance ($12,000), property tax ($8,000), and depreciation expense ($8,000). All selling and administrative expenses (excluding depreciation} are paid in the quarter incurred. . The company plans to maintain a minimum cash balance at the end of each quarter of $30,000. Assume that any borrowings take place on the first day of the quarter. To the extent possible, the company will repay principal and interest on any borrowings on the last day of the fourth quarter. The company's lender imposes a simple interest rate of 3% per quarter on any borrowings. Dividends of $15,000 will be declared and paid in each quarter. The company uses a last-in, first-out (LIFO) inventory flow assumption. This means that the most recently purchased raw materials are the \"first-out\" to production and the most recently completed finished goods are the \"first-out\" to customers. Endless Mountain Company manufactures a single product that is popular with outdoor recreation enthusiasts. The company sells its product to retailers throughout the northeastern quadrant of the United States. It is in the process of creating a master budget for 2022 and reports a balance sheet at December 31. 2021 as follows: Endless Mountain Company Balance Sheet December 31, 2821 Assets Current assets: Cash $ 216,288 Accounts receivable (net) 268,888 Raw materials inventory (4,588 yards) 11,258 Finished goods inventory (1,588 units) 32,258 Total current assets $ 349,788 Plant and equipment: Buildings and equipment 988,888 Accumulated depreciation {292,888} Plant and equipment, net 688,888 Total assets $ 957,799 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 158,888 Stockholders' equity: Common stock $ 419,888 Retained earnings 379,988 \"otal stockholdersJ equity 799,788 \"otal liabilities and stockholders' equity $ 957,788 The company's chieffinancial officer (CFO), in consultation with various managers across the organization has developed the following set ofassumptions to help create the 2022 budget

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